Christian Dior thesis: you get LVMH with a discount. Dior owns 41% of LVMH. LVMH fcf yield : 5,2% with q1 22 sales growth of 23%. L setted up in may 22 a 1 billion € buyback programm with a 1000€ limit.
8
19
166
Replies
@FoxCastlehold
Do you have any insights on Bernard Arnault's potential plans of a takeout of $CDI.PA?
1
0
4
@jefke00
I have no insights but Dior float is very low, financière agache (BA holding) is buying LVMH shares. Dior too bought some lvmh shares albeit lower amounts. There has been a transfer of shares from one entity (agache) to financière de l'agache.
0
0
2
@FoxCastlehold
What if CD has €200bn in liabilities? The analysis is flawed unless it is clear what is behind CD ex LVMH
2
0
2
@hectoretti
Dior consolidated balance sheet (which takes into account lvmh accounts as it is the sole asset) has a net debt linked to the Tiffany acquisition and when you look at off balance sheet items there is nothing special.
1
0
2
@FoxCastlehold
What is it with nerds and holding companies selling at a “discount”? Is it just that the math is easy? 🤷🏻♂️
2
0
0
@FoxCastlehold
one thing though, the majority holder could always opt for a "squeeze-out" at will, but it had to offer a fair market value (suspecting it'd be based on VWAP 14 / 30 of LVMH shares)
0
0
0